BOULANGER INITIATIVE (EIN 831549810) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

LAURA COLGATE

Phone

9012928189

Tax Period

2024-07-01 to 2025-06-30

BOULANGER INITIATIVE, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $410K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $531K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE GREATER INCLUSIVITY AND ADVOCATE FOR ALL WOMEN AND GENDER-MARGINALIZED COMPOSERS THROUGH MUSIC PERFORMANCE, EDUCATION AND COMMISSIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $339,839

Program Service Revenue $54,978

Investment Income $9,332

Other Revenue $6,322

TOTAL REVENUE $410,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,676

Fundraising Expenses $83,878

Program Expenses $371,937

Other Expenses $213,390

TOTAL EXPENSES $531,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,471	$665,050	-0.4%
Expenses	$531,066	$376,122	+0.4%
Net Income	$-120,595	$288,928	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$78,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE MAHER	CHAIR	3.00	Officer Director	$0	$0	$0
BRYAN YOUNG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBORAH STEINGLASS	TREASURER	3.00	Officer Director	$0	$0	$0
SUSY CHESTON	SECRETARY	2.00	Officer Director	$0	$0	$0
THERESA CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTO VELA	DIRECTOR	1.00	Director	$0	$0	$0
LAURA COLGATE	EXECUTIVE DIRECTOR	32.00	Director	$78,212	$0	$78,212

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$410,471	$531,066	$284,156	$-120,595
2024	$665,050	$376,122	$411,189	$288,928
2023	$216,595	$207,789	$46,595	$8,806

BOULANGER INITIATIVE